Funding arb · Price arb /

FOGO

all FOGO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit−0.029%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$732as in the Funding arb table

Net, price: spread back to 7d avg − costs−$738as in the Price arb table

costs, in and out, $10k−$7357.346% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.029%, 7d avg +0.006%

Together, before fees−0.015%−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.035% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit FOGOUSDT	0.006982	0.0100	pay 0.0050% / 4h	3h 49m	$761K	$200K	50x
Short	KuCoin FOGOUSDTM	0.006980	0.0100	get 0.0050% / 4h	3h 49m	$287K	$93K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → +0.006%: −$3.46
Slippage, 4 orders: −$711.65
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$738.1
Costs to cover: 7.346%
Break-even: never at this rate

Slippage from Bybit: live order book, 65 min ago; KuCoin: live order book, 22 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 65 min ago	8.70 bp	64.7 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 22 min ago	21.50 bp	280.1 bp −$280	doesn't fit	doesn't fit	doesn't fit

FOGO on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter FOGO	+0.0096%	1h	0.007000	+0.258%	$11K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006982	0.000%	$711K	$291K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006978	−0.063%	$13K	$12K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006989	+0.103%	$1.9M	$2.1M	50x	as long as short
Bybit FOGOUSDTlong	+0.0100%	4h	0.006982	long leg	$761K	$200K	50x
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006983	+0.014%	$532K	$870K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006980	−0.029%	$113K	$53K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006989	+0.100%	$321K	$122K	50x	as long as short
KuCoin FOGOUSDTMshort	+0.0100%	4h	0.006980	−0.029%	$287K	$93K	50x
Bitget FOGOUSDT	+0.0100%	4h	0.006990	+0.115%	$135K	$63K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX FOGO-USDT	+0.0100%	4h	0.006992	+0.143%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006991	+0.133%	$98K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006980	−0.029%	$2K	$1.2M	20x	as long as short